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lkang
Returning Member

How to apply one rental property's loss to other rental property's income?

Hi Expert,

 

I have a few rental properties, there are more than $40,000 net income all of the rental properties net income except $9,000 loss on one property. The turboTax software only shows my $9000 loss carrying over to next year. Is any way I could use the loss this year? I can't find the option which I can chose. I used TurboTax Home and Busess Version. Please advice how I can use the loss with other rental income together this year 2022.

 

Thank you!

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2 Replies
Carl
Level 15

How to apply one rental property's loss to other rental property's income?

See @MinhT1 's response in the thread at https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/partial-rental-of-my-... as it sounds to me like your AGI is to high.

 

lkang
Returning Member

How to apply one rental property's loss to other rental property's income?

I have solved it by myself. Thanks!

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